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Terms Used In Indiana Code 21-18.5-6-21

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
   Sec. 21. An obligation, negotiable or nonnegotiable, providing for payment for a course or courses of instruction is void if the postsecondary credit bearing proprietary educational institution is not authorized to operate in Indiana.

As added by P.L.107-2012, SEC.58. Amended by P.L.273-2013, SEC.24.